Can foreign nationals buy penthouses in Thailand?

Foreign nationals can buy penthouses in Thailand, choosing either freehold or leasehold as the form of ownership. Apartments in condominiums can be freehold (fully owned), provided that foreign nationals own no more than 49% of the area in this condominium, or leasehold (rented for long terms). When interested in buying property in Thailand , the foreign investor has two options: having a penthouse on leasehold for 30 years (the term can be renewed twice) or purchasing the property through a limited company.

What is the average cost of a penthouse in Thailand?

The cost of a penthouse in Thailand ranges from $150,000 to $4,602,000. The average price per square meter in Thailand is $2 950. Now we have 64 offers of penthouses in Thailand.

What are the most popular locations for buying penthouses in Thailand?

The most popular destinations for buying penthouses and villas in Thailand are Pattaya , Phuket and Koh Samui . Buying penthouses in Thailand is profitable where there are a lot of tourists. It will be easy to rent or sell if needed. Pattaya is chosen by those leading a more active life. Samui is a quiet place for the retired and families with children. Phuket is a universal place with beautiful beaches, which is perfect for the lovers of nightlife (Patong), and for luxury recreation (Kamala, Bang Tao).

Why invest in penthouses in Thailand?

Thailand is Asia’s second most popular tourist destination after China. Investors from all over the world put their funds into the island's infrastructure development. There are several reasons to invest in buying penthouses in Thailand: buying penthouses in Thailand, you can recover the funds spent by renting out a property; high penthouses price appreciation; year-round tourist season; climate: the sun shines for more than 200 days a year there, and the average air temperature is + 30°C; beautiful views and white beaches with azure water.

Can I earn money by renting a penthouse in Thailand?

Penthouses in Thailand are in great demand among tourists and buyers. With the year-round tourist season you can have a great rental income. There are many projects with guaranteed returns of 7–10%. Management companies provide full penthouse maintenance service. You can also use your penthouse as a holiday home for 2–4 weeks a year without losing income.

How long can I rent my penthouse out in Thailand?

Thailand has a year-round tourist season. October through April it is the high season and during European nationals and the citizens of the CIS countries come there. May through September is the low season characterised by short tropical rains, but the air temperature does not drop below 30 degrees. This is when the residents of the Middle East, Australia and New Zealand visit the country.

Can foreigners take out a mortgage to buy a penthouse in Thailand?

Thai banks do not provide mortgage loans for the purchase of penthouses in Thailand for non-residents. Moreover, foreign nationals can´t get a bank loan for any purpose.

Can foreigners obtain Thai citizenship through a penthouse purchase?

Permanent residents can apply for citizenship. Thailand citizenship allows you to buy penthouses, own any business and apply for any kind of job. You can apply for Thai citizenship: residence in Thailand for at least five years; permanent employment; to be married to a citizen of this country; your baby was born in Thailand. Children born to parents with Thai citizenship automatically get citizenship regardless of where they were born. In order to obtain Thai citizenship, you must renounce your current nationality.